vs
Automatic Data Processing（ADP）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是RBC Bearings INC的11.6倍（$5.4B vs $461.6M）。Automatic Data Processing净利率更高（19.8% vs 14.6%，领先5.2%）。RBC Bearings INC同比增速更快（17.0% vs 6.2%）。过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 1.0%）
ADP是总部位于美国新泽西州罗斯兰的跨国企业，为全球各行业客户提供云基人力资源管理、薪资核算处理、专业雇主组织（PEO）等领域的专业服务，是全球人力资源服务领域的知名头部供应商。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
ADP vs RBC — 直观对比
营收规模更大
ADP
是对方的11.6倍
$461.6M
营收增速更快
RBC
高出10.9%
6.2%
净利率更高
ADP
高出5.2%
14.6%
两年增速更快
RBC
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $461.6M |
| 净利润 | $1.1B | $67.4M |
| 毛利率 | 46.1% | 44.3% |
| 营业利润率 | 25.8% | 22.3% |
| 净利率 | 19.8% | 14.6% |
| 营收同比 | 6.2% | 17.0% |
| 净利润同比 | 10.3% | 16.4% |
| 每股收益（稀释后） | $2.62 | $2.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADPRBC
| Q4 25 | $5.4B | $461.6M | ||
| Q3 25 | $5.2B | $455.3M | ||
| Q2 25 | $5.1B | $436.0M | ||
| Q1 25 | $5.6B | $437.7M | ||
| Q4 24 | $5.0B | $394.4M | ||
| Q3 24 | $4.8B | $397.9M | ||
| Q2 24 | $4.8B | $406.3M | ||
| Q1 24 | $5.3B | $413.7M |
净利润ADPRBC
| Q4 25 | $1.1B | $67.4M | ||
| Q3 25 | $1.0B | $60.0M | ||
| Q2 25 | $910.7M | $68.5M | ||
| Q1 25 | $1.2B | $72.7M | ||
| Q4 24 | $963.2M | $57.9M | ||
| Q3 24 | $956.3M | $54.2M | ||
| Q2 24 | $829.3M | $61.4M | ||
| Q1 24 | $1.2B | — |
毛利率ADPRBC
| Q4 25 | 46.1% | 44.3% | ||
| Q3 25 | 45.2% | 44.1% | ||
| Q2 25 | 45.1% | 44.8% | ||
| Q1 25 | 47.7% | 44.2% | ||
| Q4 24 | 45.7% | 44.3% | ||
| Q3 24 | 45.5% | 43.7% | ||
| Q2 24 | 44.8% | 45.3% | ||
| Q1 24 | 47.3% | 43.1% |
营业利润率ADPRBC
| Q4 25 | 25.8% | 22.3% | ||
| Q3 25 | 25.3% | 21.5% | ||
| Q2 25 | 23.2% | 23.2% | ||
| Q1 25 | 29.2% | 23.0% | ||
| Q4 24 | 25.0% | 21.7% | ||
| Q3 24 | 25.6% | 21.6% | ||
| Q2 24 | 22.8% | 24.0% | ||
| Q1 24 | 29.4% | 22.8% |
净利率ADPRBC
| Q4 25 | 19.8% | 14.6% | ||
| Q3 25 | 19.6% | 13.2% | ||
| Q2 25 | 17.8% | 15.7% | ||
| Q1 25 | 22.5% | 16.6% | ||
| Q4 24 | 19.1% | 14.7% | ||
| Q3 24 | 19.8% | 13.6% | ||
| Q2 24 | 17.4% | 15.1% | ||
| Q1 24 | 22.6% | — |
每股收益（稀释后）ADPRBC
| Q4 25 | $2.62 | $2.13 | ||
| Q3 25 | $2.49 | $1.90 | ||
| Q2 25 | $2.23 | $2.17 | ||
| Q1 25 | $3.06 | $2.33 | ||
| Q4 24 | $2.35 | $1.82 | ||
| Q3 24 | $2.34 | $1.65 | ||
| Q2 24 | $2.01 | $1.90 | ||
| Q1 24 | $2.88 | $1.92 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.5B | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $6.4B | $3.3B |
| 总资产 | $84.6B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ADPRBC
| Q4 25 | $2.5B | $107.6M | ||
| Q3 25 | $7.9B | $91.2M | ||
| Q2 25 | $7.8B | $132.9M | ||
| Q1 25 | $2.7B | $36.8M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $3.3B | $76.8M | ||
| Q1 24 | $3.3B | $63.5M |
总债务ADPRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益ADPRBC
| Q4 25 | $6.4B | $3.3B | ||
| Q3 25 | $6.4B | $3.2B | ||
| Q2 25 | $6.2B | $3.1B | ||
| Q1 25 | $5.9B | $3.0B | ||
| Q4 24 | $5.1B | $2.9B | ||
| Q3 24 | $5.3B | $2.9B | ||
| Q2 24 | $4.5B | $2.8B | ||
| Q1 24 | $4.6B | $2.8B |
总资产ADPRBC
| Q4 25 | $84.6B | $5.1B | ||
| Q3 25 | $54.3B | $5.1B | ||
| Q2 25 | $53.4B | $4.8B | ||
| Q1 25 | $56.4B | $4.7B | ||
| Q4 24 | $64.1B | $4.7B | ||
| Q3 24 | $49.5B | $4.7B | ||
| Q2 24 | $54.4B | $4.7B | ||
| Q1 24 | $64.2B | $4.7B |
负债/权益比ADPRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.1B | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ADPRBC
| Q4 25 | $1.1B | $122.1M | ||
| Q3 25 | $642.3M | $88.4M | ||
| Q2 25 | $1.4B | $120.0M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.2B | $84.0M | ||
| Q3 24 | $824.4M | — | ||
| Q2 24 | $1.3B | $97.4M | ||
| Q1 24 | $1.5B | — |
自由现金流ADPRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率ADPRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度ADPRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率ADPRBC
| Q4 25 | 1.07× | 1.81× | ||
| Q3 25 | 0.63× | 1.47× | ||
| Q2 25 | 1.58× | 1.75× | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | 1.45× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 1.59× | ||
| Q1 24 | 1.26× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
